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Expectations of the flow of investment to Basra
On: Sat 3/12/2011 7:02
□ Basra / follow-term economic
forecast chairman of BIC Khalaf al-Badran Toalfda will see that the maintenance of the investment companies during the next phase, attributing this to the new amendments to the Investment Law. Badran said, according to a statement received by the Agency (news): The rules of the new Investment Law No. 13 of 2006, which recently passed contains features attractive and stimulating encouraged to attract investments and overcome the major constraints contained in previous regimes to investors.
He added: System No. 5 for 2011 select rent business of 10% of the rent estimated by the Committee competent to determine the rent, and will meet the rent from the date of commencement of commercial operation for three years after the end of this period will determine the rental value of 5 % of the value of the land, and noted Badran to rent one of the most serious obstacles to the investor and the success of the economic feasibility of the project, and that these actions in the Iraqi investment law will contribute to attracting investment companies to Iraq in general and Basra in particular.
The province of Basra has seen in recent Last stable and economically significant security helped the influx of many foreign investment companies to work and learn about the investment opportunities available in the province.
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